Key Takeaways
- Undertake a 12-month industrial placement in Actuarial Consulting (Pensions) starting September 2027.
- Develop practical actuarial and advisory skills, working with clients on financial risk and pension schemes.
- Requires a 2:1 in a highly numerical degree and an A-grade in Maths A-level.
- Applications close on 7th December 2026, but may close earlier.
- Opportunities available in Birmingham, Epsom, Farnborough, Glasgow, Leeds, and St Albans.
About the Role
Actuarial Consulting Pensions – Industrial Placement Programme 2027
Start Date: 1st September 2027 Application closing date: 7th December 2026
Please note, we may close earlier if we receive the quantity, quality & variety of applications required.
Launch Your Career in Actuarial Consulting
Aon is seeking students undertaking a year in industry as part of their degree to join our Early Careers Launch Development Programme in actuarial roles. You will develop practical actuarial and advisory skills, applying quantitative techniques to help clients understand, price and manage financial risk.
As an Actuarial Industrial Placement colleague, you will build the skills, confidence, and market knowledge needed to turn complex quantitative information into clear business insight and support better client decisions. You will learn how AI and global delivery teams can support routine calculation, allowing effort to concentrate on judgement, scenario thinking, and communication.
Aon’s Wealth Solutions: Retirement teams advise organisations on pensions, retirement programmes, and long-term financial commitments. Our actuarial consultants advise trustees and employers on defined benefit pension schemes, helping them manage financial and operational risks.
How Work is Changing
Technology, including AI-enabled tools and global delivery teams, increasingly supports routine data preparation, reconciliation, and baseline calculation. During your placement, you will learn how these tools support actuarial work and how colleagues use them to focus on validation, output checking, report drafting, and documentation. You will practise framing clear prompts, refining outputs, checking AI-supported analysis, testing assumptions, and recognising when human judgement is needed.
Your Role as an Actuarial Industrial Placement
You will work across a range of client teams, supporting colleagues who advise either the trustees responsible for pension schemes or the companies that sponsor them. You will collaborate with various client groups and gain meaningful experience while developing the technical, consulting, and professional skills needed for a future actuarial career.
What You Will Do
Actuarial and Analytical Tasks:
- Supporting the building and running of models for pension scheme analysis, reviewing AI-supported baselines, testing scenarios, and validating outputs.
- Assisting with funding and accounting valuations, projections, benefit calculations, data reconciliation, and pension scheme reporting.
- Conducting data and risk analysis to identify patterns and test scenarios.
- Learning about ways trustees and companies can manage or reduce pension scheme risks.
Client Focused Tasks:
- Drafting clear reports, presentations, and analysis summaries.
- Supporting project workstreams, using AI-enabled tools and working with offshore analysts.
- Supporting senior actuaries in client meetings.
- Contributing ideas to improve processes and digital workflows.
Potential Exposure to Specialist Areas:
- Risk Settlement
- Member Options
- Analysis of mortality and other demographic factors
Your Development
You will be enrolled onto our Launch Programme, which includes:
- Business learning: On-the-job learning with actuarial consultants and client teams.
- Centralised learning: Aon induction, monthly webinars, business skills training, and workshops.
- Feedback and support: Regular feedback and support from your line manager, with opportunities to take ownership of tasks.
Your Career Beyond Your Industrial Placement
This programme is designed as a potential first step towards a long-term career with Aon. Your performance may lead to an offer for our graduate programme the following year. If you return as a graduate, you will work towards qualification as a Fellow of the Institute and Faculty of Actuaries (IFoA).
Entry Requirements
- On track to achieve a 2:1 degree (or equivalent) in a maths, actuarial science, or other highly numerical degree.
- Achieved an A-grade or above in Maths A-level, A-grade in Maths Scottish higher or international equivalent.
- Practical skills in Python, SQL, VBA, or cloud platforms are beneficial.
- Must be able to demonstrate right to work in the UK.
- You should be in the penultimate year of your university studies, able to complete a 12-month Industrial Placement from September 2027 to August 2028, and expect to complete your studies in 2029.
Locations
- Birmingham
- Epsom (Surrey)
- Farnborough (Hampshire)
- Glasgow
- Leeds
- St Albans
Working Arrangement: You will spend the first 6 months based in the office to support your learning and development. After this, you will have the opportunity to work more flexibly, spending at least 3 to 4 days face to face in the office or with clients.
Recruitment Process
- Application Review: Processed on a rolling basis.
- Online Assessment: 5 calendar days to complete.
- Video Interview: Up to 10 days to record and submit.
- Assessment Centres: In-person at Aon offices (November to May, with a pause over Christmas). Reasonable travel costs reimbursed.
Note: CVs and cover letters are not used for initial screening but will be shared with hiring managers at the assessment centre stage.
Contact: graduates@aon.co.uk